Money Matters
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Stocks or Student Loans?
Will I get a better return on my money if I invest in stocks or if I just throw it at my student loans?
Re: Stocks or Student Loans?
Without more info.....put it to your student loans. I'm not sure there is a comparison on return on money....one is debt, the other is investing.
Do you have other debt? do you have an emergency fund? do you currenlty contribute to retirement?
If I were you I would make sure you have an emergency fund set up, if you follow Dave Ramsey, then that's $1,000 - for now. Any money you have left over after necessities (housing, food, and transportation) send any extra money at that debt. Once that's paid up contribute 15% of income to retirement, have 3-6 months of expenses in the emergency fund, and then any extra can go towards saving, investments, fun stuff, ect. If you do decide to invest, I wouldn't recommend solely putting it into stocks. Although bonds have a low rate of return, they are safer. H and I at the moment have a 70/30 stock/bond ratio in our non-retirement investments.
Training to be the next companion.